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CBI starts probe in Rs 25,000 cr chit fund scam in Jharkhand

Press Trust of India  |  New Delhi 

The has taken over investigation of the four cases pertaining to chit fund scam believed to be involving funds of over Rs 25,000 crore in on the directions of the state High

The agency has re-registered four FIRs pertaining to chit fund companies -- DJN group of companies, Gurukul group of companies, Shashank Industries Corporation and Star company.


A total of 25 accused have been booked in these four cases, according to the FIRs.

These cases were investigated by the Police so far, the FIRs say.

"It is submitted by the Additional Advocate General that a detailed counter affidavit has been filed on behalf of respondent, who has brought on record several facts including the amount involved in one company being approximately of Rs 1,600 crore and total figure may even cross Rs 25,000 crore," the order of the High had said.

The was submitted a list of 27 chit fund companies operating in the state which were under the scanner of the state police.

"Over and above the aforesaid offences, similarly situated other First Information Reports, registered at various other police stations about chit fund companies are also handed over to the for further investigation. These cases shall be identified by the with the help of the State of Jharkhand," it had said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, September 14 2017. 16:32 IST
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